Northside Capital Management LLC Sells 37,888 Shares of Unilever PLC $UL

Northside Capital Management LLC lessened its position in Unilever PLC (NYSE:UL) by 27.8% during the second quarter, Holdings Channel.com reports. The fund owned 98,614 shares of the company’s stock after selling 37,888 shares during the period. Northside Capital Management LLC’s holdings in Unilever were worth $5,929,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Evergreen Capital Management LLC lifted its holdings in Unilever by 160.8% in the fourth quarter. Evergreen Capital Management LLC now owns 82,192 shares of the company’s stock worth $5,375,000 after buying an additional 50,682 shares during the period. Timber Creek Capital Management LLC grew its holdings in shares of Unilever by 59.7% during the 4th quarter. Timber Creek Capital Management LLC now owns 64,661 shares of the company’s stock worth $4,229,000 after acquiring an additional 24,163 shares during the period. Diversify Wealth Management LLC grew its holdings in shares of Unilever by 77.6% during the 1st quarter. Diversify Wealth Management LLC now owns 39,116 shares of the company’s stock worth $2,226,000 after acquiring an additional 17,093 shares during the period. Saturna Capital Corp raised its position in shares of Unilever by 38.0% in the 1st quarter. Saturna Capital Corp now owns 794,310 shares of the company’s stock worth $45,252,000 after acquiring an additional 218,767 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of Unilever by 16.4% in the 1st quarter. Bank of America Corp DE now owns 6,661,426 shares of the company’s stock worth $379,501,000 after acquiring an additional 937,346 shares in the last quarter. 9.67% of the stock is owned by hedge funds and other institutional investors.

Unilever Price Performance

Unilever stock opened at $62.33 on Wednesday. Unilever PLC has a 12 month low of $54.75 and a 12 month high of $74.97. The business’s fifty day simple moving average is $60.89 and its two-hundred day simple moving average is $62.26.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Jefferies Financial Group restated an “underperform” rating on shares of Unilever in a research report on Monday, July 6th. TD Cowen restated a “buy” rating on shares of Unilever in a report on Wednesday, July 29th. Royal Bank Of Canada raised shares of Unilever from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, April 21st. Zacks Research upgraded shares of Unilever from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. Finally, Weiss Ratings raised shares of Unilever from a “sell (d)” rating to a “hold (c-)” rating in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Unilever has an average rating of “Hold” and an average target price of $65.55.

About Unilever

Unilever PLC is a global consumer goods company with roots dating back to the early 20th century, formed from the merger of the British firm Lever Brothers and the Dutch company Margarine Unie. The company develops, manufactures and markets a broad portfolio of branded products in personal care, home care and foods and refreshments. Unilever’s corporate structure and listings reflect its long history in both the United Kingdom and the Netherlands, and it operates at scale across diverse consumer markets worldwide.

Unilever’s business is organized around major product categories—Beauty & Personal Care, Home Care and Foods & Refreshment—and includes numerous well-known consumer brands across those categories.